I am not alarmed by that at all. It's not a change in the expectations for the business performance; it's a change in the size of the company. |
I think it could get noisy; it could get ugly from a PR point of view. (But) it's more headline risk than any real financial risk. |
Investors bought into Hilton's strategy of selling assets, buying back stock and moving to a more fee-based business ... This would be a dramatic shift in strategy, |
Investors bought into Hilton's strategy of selling assets, buying back stock and moving to a more fee-based business ... This would be a dramatic shift in strategy. |
It reassures the investment community that private equity is still very interested in investing in the hotel business, |
It was a clean beat. It was a quarter with true operations-driven upside. |
It's the uncertainty. Investors are pretty tuned into it and want to know what's going on. |
The core operations seem to be doing well. |
The quarter was pretty good. The 13.3 percent is impressive. |
There are economies of scale you can enjoy as an owner when you have a large portfolio of assets as Blackstone has now. At some point you may see Blackstone doing an IPO of the portfolio. |
There is not a long demonstrative history of these types of actions being successful over the long term. |